Ford invests $1 billion in Cologne electrifcation center: Page 2 of 2

February 17, 2021 //By Christoph Hammerschmidt
Ford invests $1 billion in German e-car plant
The electrification wave is now also energising the Ford Group: the company wants to build a development and production centre for electric cars in Cologne and is spending $1 billion on it. The technical platform for the vehicles comes from Volkswagen.

In addition to production, the technical development of the new electric model will also take place in Cologne. Within the framework of the existing strategic alliance with Volkswagen, Ford will base the development of the vehicle on the Modular Electric Building Kit (MEB). On this platform, Ford intends to deliver fully electric vehicles for its customers throughout Europe. Over the entire life cycle, production of a total of around 600,000 units is planned. Nothing is known yet about the exact concept and appearance of these vehicles either, but it is likely that Ford will not enter into direct competition with Volkswagen's ID.3 and ID.4 e-cars with these cars.

Ford's production facilities in Cologne currently build the volume model Fiesta. This is not to change for the time being, it is said. The electric model will be produced in parallel with the Fiesta. Possibly, Ford will develop and produce a second electrically powered vehicle family in Cologne in the medium future.

More information: www.ford.eu

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